FAQs and Knowledge Base​

The SPAC Screener is the core research tool from SPAC Track that lets users identify SPACs or former SPACs (De-SPACs) based on various criteria or market strategies as well as track the broader SPAC asset class.

Refreshing the page:

• The data in the SPAC Screener is constantly updating throughout the day. If you are using the screener for an extended period of time or using it for live market data, it is advisable to refresh the page frequently to get the most recent information.
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Mobile-specific Notes:

• For data points with a large amount of text, you will see an ellipsis at the end of the text string. To see more, simply click on the text and a tooltip (text bubble) will appear revealing the full content. To hide the text bubble, simply click outside of the bubble anywhere on the screen
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• The following functionality is disabled on Mobile for Free and Pro Users:
  • Prices & Values — (entering min. and max. values only available on desktop, however, you can use the “Price Filters” to easily find SPACs that fit frequently searched criteria
  • “Select Columns” — adding or removing data point columns from the table
  • For Pro Users only: “Download” — you will need to download the table on desktop for the time being
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Watchlists:

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• Pro users will have 4 watchlists that are saved to your account and can be accessed from any device after the user logs in
• Currently, all the Watchlists display the “Default View”. The other views will be added soon for Pro users

First thing to note is that the filtering works in a “drill-down” manner for this table meaning additional filters will decrease the results. For instance, selecting “Searching” and “Top Tier UW” will display the results that meet both criteria (ie. SPACs that are Searching for a target and have a Top Tier Underwriter), rather than either of the criteria.

Users can utilize the preset filters, enter their own search term, or simply sort the table. You can also filter and then sort the filtered table. To select multiple filters, just click each filter button you want to use. To remove a filter, simply click the filter button again!

Enter in your search term in the search field (ex. SPAC name, Target Industry like “Consumer”, Underwriter name like “Goldman”, or even Notable People like “Ackman” or “Branson”). Alternatively, just click one of the preset terms to filter the table.

‘Active Filters’ Counter and ‘Clear Filters’: As there are quite a few filters, including several that are relatively hidden in “More” dropdown menus, there is a filter counter and “Clear Filters” button in the top-left of the table. This way users can easily see how many filters are active and easily remove all filters with one click.

Note for Pro Users: Clicking “Clear Filters” will default the “View” back to “Default View”.

As there are many data points for SPAC Track Pro users, you can now jump to new table views in order to quickly visualize a set of columns with particular data sets.

Default View (Basic and Pro): The standard classic view that shows the core SPAC details for both Free and Pro users. Default view will contain only Active and Pre-IPO SPACs for Free users, while Default View will show Active, Pre-IPO SPACs as well as De-SPACs (Completed SPACs) for Pro users.

Quotes View (Pro only): This table view allows users to get a quick look at the stock performance for common shares, warrants, and units.

Details View (Pro only): This table view allows users to drill down into the nitty gritty of the SPACs and SPAC merger deal details:

• SPAC — many of the Default View and more in-depth information such as formation country, sponsor affiliation & more)
• SPAC merger deal (if applicable) — target sector and description, deal financial details (valuation, PIPE, ++) as well as links to important documents and additional research material

De-SPAC View (Pro only): When users select this table view, the results shown by the table are limited to De-SPACs (completed mergers) only. This view includes many of the deal details included in the Details View, as well as details relevant for De-SPAC tracking such as post-closing S-1 filings and redemption information

*Note that users can enter in a SPAC name in the search bar and toggle between Views to quickly see various datasets.*

Basic and Pro Filters:

• Status:
  • Searching — Has IPO’d but has not yet found/announced a merger partner
  • Agreement – Has entered into a definitive agreement to merge with a target company
  • In Talks (Unconfirmed) — a mainstream publication, such as Bloomberg, Reuters, WSJ has published a report noting that the SPAC is “in talks” to merge with a particular company
  • Active – SPAC has IPO’d (is public) but has not completed its merger yet (Active includes all Statuses except Pre IPO and Completed)
  • Pre IPO — The SPAC has filed its S-1 registration, but has not IPO’d yet (is not yet public & thus has not commenced searching for a target) 
  • Pre Unit Split – Units have not separated into warrants and common shares (and/or Rights in some cases)
  • LOI — Letter of Intent to merge with a target company has been announced, but no definitive agreement has been signed

• SPAC Target Focus: The industry/sector that the SPAC is focused on targeting for its merger partner, as noted in its registration filing.

• Recent Activity
  • New Registration — Filed S-1 in the last 7 days
  • Recent IPO — priced IPO in the last 7 days
  • Recent Split — Units became available to separate into common and warrants in the past 7 days. This means that the common shares and warrants (and/or Rights) are now available to trade separately.
  • Deadline Approaching — Deadline for business combination within 2 months
  • Movers 5% — The SPAC’s Common shares have increased or decreased 5% or more from its previous close

• Other Filters:
  • Optionable — The SPAC/De-SPAC has options available to trade
  • Top Tier UW (Underwriter) — Goldman Sachs, JP Morgan, Morgan Stanley, BofA Securities, and Citi: The Top 5 Investment Banks for Equity Deals, according to FT (https://markets.ft.com/data/league-tables/tables-and-trends/Equity)

Pro Only Filters:

• SPAC Filters:
  • Well-Known Sponsor — Prominent/recognizable founder or sponsor group
  • Serial Sponsor — 3 or more SPACs under the sponsors’ belt

• Deal / Merger Partner (MP) Filters
  • Recent DA — Def. Agreement announced in the past 7 days
  • Filed S-4 — SPAC has filed its initial S-4 / F-4 form (document required to be filed and approved by SEC for public company mergers)
  • MP Sector – The sector of the SPAC’s announced / completed merger partner (MP)
  • Merger Vote Set —The SPAC has announced a definitive merger vote date

• Deal & De-SPAC Filters
  • Completed — SPAC merger has completed
  • Closed in 2020 / Closed in 2021 — The SPAC merger completed (transaction closed) in 2020 or 2021
  • High Redemption (50%+) — The SPAC experienced public share redemptions of over 50%
  • Upcoming S-1 Effective — The De-SPAC / SPAC has filed its initial post-closing S-1 (typically registering PIPE shares), but the S-1 has not yet gone effective (pending SEC approval)
  • S-1 Effective —The De-SPAC initial post-close S-1 filing has gone effective (approved by the SEC) and the shares are now officially registered and able to be traded barring other lock-up provisions

• Market Data:

Price data is provided by our market data partners in real-time, when available, or delayed at least 15 minutes. Realtime quote and/or trade prices are not sourced from all markets.

• “Estimated” Data Points:

Any field that is “Estimated” is exactly that: estimated. For instance, generally SPAC units separate 52 days after IPO, thus the formula for Estimated Days Until Unit Separation is IPO date + 52. When there is a confirmation on the estimated data point from the SPAC, the confirmed value will replace the Estimated one (ie. when a SPAC announces a unit separation date)

• Accuracy and Timeliness:

SPAC Track works diligently to provide accurate and timely data. The non-market data including curated information is updated throughout the day.

The database will not display some data points without official confirmation from the SPAC itself or another official source unless the particular data point is marked as “Estimated”. One example of this is “Public Shares Redeemed” – this will not be shown unless the SPAC or De-SPAC files or announces this number.

Though we work hard to provide the most accurate data, it is important to note that all figures and data presented are for informational purposes only.

SPAC Track and its parent, CommonFi, do not make any guarantees, representations or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, accuracy, validity or freedom from interruption of any information or data on the SPAC Track Website. The content on the SPAC Track Website is not to be construed as a recommendation or offer to buy or sell or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy.

By viewing or using this data or information in any manner, you understand and acknowledge that such information may not reflect trading activity on all markets, as applicable, and is intended to provide you with a reference point only, rather than as a basis for making trading decisions.

See our full Terms of Service here: spactrack.io/terms-of-service

SPAC Data History (as of 4/27/2023):

• Full List of SPACs that Launched (IPO) from 2017-present

• Full List of SPACs that Liquidated from 2017-present

• Full List of SPACs that Completed business combinations from 2019-present

Level of Data Available per Dataset

• Comprehensive Data: IPOs 2021-present

• Not Comprehensive: IPOs 2019-2020

• Limited (may be limited to only basic IPO and Completion data): IPOs 2017-2018 and any IPOs prior to 2017